Brookstone Capital Management Has $9.64 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Brookstone Capital Management boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 38,526 shares of the company’s stock after buying an additional 4,821 shares during the period. Brookstone Capital Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,644,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MTUM. Successful Portfolios LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.9% during the 3rd quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock worth $362,000 after acquiring an additional 40 shares during the last quarter. Centurion Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the third quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock valued at $1,478,000 after acquiring an additional 42 shares during the last quarter. Silverlake Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the second quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock valued at $941,000 after acquiring an additional 43 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the third quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock worth $1,016,000 after purchasing an additional 43 shares during the period. Finally, LifeSteps Financial Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.3% during the third quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock worth $492,000 after purchasing an additional 44 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 4.0%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $239.99 on Wednesday. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The company’s fifty day moving average is $250.09 and its 200 day moving average is $251.56.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.